October Newsletter

October Newsletter

The housing market remains mixed with some properties selling readily and others struggling to attract interest. The normal autumn surge in the housing market has not been seen and pricing remains critical.

If a property is seen to be overpriced it will not sell. A property will attract the most interest in the first two weeks of it being on the market, this time will be wasted if it the price is too high.

Interest rates did not rise at the end of September and there is now hope we have seen the last of the increases and can look forward to rates falling next year.

The lettings market continues to boom with several applicants going after each property as it comes on the market.  As a result, rents are continuing to rise with increases in the last year of around 10%. Rental property does now make an excellent investment with very good returns providing it is fully funded.

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